Yangarra Resources (TSE:YGR) had its price objective hoisted by investment analysts at Raymond James from C$7.50 to C$8.00 in a research note issued on Wednesday, May 30th. The firm presently has a “strong-buy” rating on the oil and gas exploration company’s stock. Raymond James’ price objective would suggest a potential upside of 46.25% from the stock’s previous close.
Separately, CIBC restated an “outperform” rating and set a C$7.00 target price on shares of Yangarra Resources in a research report on Wednesday, March 14th.
Shares of Yangarra Resources traded down C$0.05, reaching C$5.47, during mid-day trading on Wednesday, according to MarketBeat.com. 459,372 shares of the company’s stock were exchanged, compared to its average volume of 258,802. Yangarra Resources has a 52-week low of C$2.92 and a 52-week high of C$6.50.
In related news, insider Lorne David Simpson sold 228,890 shares of Yangarra Resources stock in a transaction on Tuesday, April 17th. The shares were sold at an average price of C$5.80, for a total value of C$1,327,562.00. Also, Director James Grant Evaskevich acquired 20,900 shares of the stock in a transaction that occurred on Wednesday, March 28th. The stock was purchased at an average price of C$4.55 per share, for a total transaction of C$95,095.00.
Yangarra Resources Company Profile
Yangarra Resources Ltd., a junior oil and gas company, explores for, develops, and produces resource properties in Western Canada. The company has oil and gas interests in various sections of land located in Central Alberta and Medicine Hat. Yangarra Resources Ltd. is headquartered in Calgary, Canada.
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